Ant International, AlipayHK, and TNG eWallet have initiated the Digital Wallet Guardian Partnership to fortify the security of global wallet payments.  

The collaboration will address technology innovation, knowledge collaboration, and stakeholder engagement, aiming to enhance the overall safety of digital transactions. 

The technology innovation aspect will involve the creation and implementation of security solutions that leverage AI and privacy-preserving computing. 

Knowledge collaboration will set up mechanisms for sharing insights, including workshops to discuss emerging risk patterns and the exchange of best practices.  

Stakeholder engagement will focus on launching campaigns to educate both consumers and merchants about recognising and mitigating various risks. 

In the first stage, wallet partners plan to implement Alipay+ EasySafePay 360, an AI-powered account protection solution designed to thwart account takeovers.  

Developed by Ant International, EasySafePay 360 has reportedly reduced the risk of account takeovers by 90% during its trial phase. 

EasySafePay 360 utilises real-time AI to analyse payment data, creating dynamic risk models that proactively detect and prevent fraudulent activities.  

The system’s privacy computing capabilities ensure that this analysis is secure and integrated, safeguarding user privacy. 

Additionally, EasySafePay 360 provides a Money-Back Guarantee for unauthorised transactions, with Ant International offering full compensation. 

For wallet operators, EasySafePay 360 includes a one-stop user portal that can be integrated into their platforms, allowing for more efficient resolution of user issues through a range of customisable tools.  

The solution also extends protection to online transactions, including those for e-commerce, streaming services, and app stores, enabling one-click payments without redirection to external apps or browsers. 

TNG Digital CEO Alan Ni said: “By working together, we are not only protecting our users’ money and data, but also ensuring that everyone, from individuals to businesses, can rely on a secure, inclusive and transparent digital economy.” 

Ant International Risk Management and Cybersecurity general manager Tianyi Zhang stated: “Through this partnership, Ant International is dedicated to working closely with our partners to co-develop and share advanced risk-management capabilities. Together, we aim to stay ahead of emerging threats, making digital wallet more secure, so as to drive growth in global travel and commerce.”  

Recently, Ant International’s subsidiary, Antom, unveiled a new agentic payment solution, enhancing its AI-driven transaction capabilities.